The global cold chain market is expected to reach $233,476.7 Million by 2019, at a CAGR of 15.6% from 2014 to 2019.

A cold chain is a temperature-controlled supply chain for perishable food products, pharmaceuticals, and chemicals in order to maintain their quality and increase their shelf-life. Cold chain infrastructure consists of precooling facilities, refrigerated storage, refrigerated transport, packaging, and information management systems.

This report analyzes the cold chain market in terms of geography, type, product type, and application. Geographically, the report is segmented into North America, Asia-Pacific, Europe, and Rest of the World (RoW). The two main infrastructure types of cold chain included in this report are refrigerated storage and refrigerated transport. The cold chain market is applicable to perishable food products in this report. The product types include chilled & frozen, and the applications covered are fruits & vegetables, bakery & confectionery, dairy & frozen desserts, meat & seafood, and others (sauces, condiments, salad dressings, and dips).

A cold chain is essential as it reduces food loss, enhances food safety, balances the supply and demand of food and indirectly helps in the growth of the food industry. The growth of the market is largely attributed to globalization, which enables the import & export of perishable foods, technological advancements in cold chain storage and transport, growing preference for frozen foods amongst consumers, and the need to reduce food loss in emerging markets such as India, China, and Latin American countries.

North America is one of the largest exporters and importers of perishable foods; therefore garners the largest market share, followed by Europe and the Asia-Pacific region. China and India are the fastest-growing markets in the Asia-Pacific region. The Indian market is growing due to the rise in organized retail, supportive government initiatives, and a shift in taste and preferences, which has fuelled the growth of frozen foods and quick service restaurants (QSR).

The cold chain market in China is growing as it serves as a lucrative market for U.S.-based service providers for investment in cold chain infrastructure and also due to e-commerce and food safety regulations introduced by the Chinese government.

The global refrigerated transport market is growing at a considerable rate. In North America and Europe, refrigerated trucks, vans, and trailers are also witnessing a considerable growth in demand as they provide flexibility to deliver goods in multiple locations at flexible timings. Consumer demand fresh food through online shopping has also increased, which has triggered the increase in refrigerated transport by road. Reefer containers transported by sea are also contributing to the growth of refrigerated transport due to technological improvements which maintain the shelf-life of perishable foods.

Chilled, frozen, and deep-frozen are the temperature ranges through which products are stored and transported using a cold chain. The chilled products accounts for the largest share globally, as most fruits & vegetables are stored and transported through this chain. The frozen food market is also witnessing a substantial growth for the next five years

Globally, the meat & seafood market has the largest share, by application, followed by dairy & frozen desserts, and fruits & vegetables. The consumption of these perishable foods is increasing globally, thereby increasing the inter-trading of perishable foods among different countries.

The key (3PL) players identified in the cold chain industry are AmeriCold Logistics(U.S.), Lineage Logistics(U.S.), Swire Cold Storage Pty (Australia), Preferred Freezer Services (U.S.), and Nichirei Logistics Group, Inc.(Japan). These players are investing to expand their refrigerated storage facilities and transport in emerging markets as the demand for cold chain has increased in these markets.

In order to provide a deeper understanding of the competitive landscape, the report profiles the key (3PL) players of the cold chain market and provides market tables, which are categorized based on region, types, product types, and applications.

The report segments the global cold chain market into the following segments:

North America accounted for the largest share 40.0% of the cold chain market in 2013. The market is mature in regions such as North America and Europe due to the technologically advanced systems for refrigerated storage & refrigerated transport, the rise in demand for perishable foods, and government initiatives that encourage the export and import of these foods in these regions.

The Asia-Pacific region is the fastest-growing market and leading market players are considering China as a potential market for growth opportunities. The major factor determining the growth of emerging markets is the increase in consumption of perishable foods such as frozen foods and the governmental support in these regions.

Source: Company Annual Reports, Company Presentations, Company Websites, Online Journals, and MarketsandMarkets Analysis

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